Morimatsu International Holdings Company Limited (2155) AI Stock Analysis

• Market Cap: HK$11.92B
• Dividend Yield: 1.61%
• Average Volume (3M): 5.33M
• Price to Earnings (P/E): 14.8
• Beta (1Y): 1.24
• Revenue Growth: -13.95%
• EPS Growth: -13.61%
• Country: HK
• Employees: 4,347
• Sector: Industrials
• Sector Strength: 72
• Industry: Industrial - Machinery
• EPS (TTM): 0.29
• Shares Outstanding: 1,245,419,000
• 10 Day Avg. Volume: 3,954,504
• 30 Day Avg. Volume: 5,326,687
• PEG Ratio: -0.52
• Price to Book (P/B): 1.02
• Price to Sales (P/S): 0.74
• P/FCF Ratio: 7.12
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: HK$12.64
• Price Target Upside: 35.62% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 3

• Rating: 65 Neutral
• Price Target: HK$10.50 ▲(12.66% Upside)

Morimatsu International Holdings shows strong financial health with solid profitability and low leverage, which are significant strengths. However, technical indicators suggest bearish momentum, which is a concern. The valuation is fair, but not compelling enough to offset the technical weaknesses.

Morimatsu International Holdings Company Limited Business Overview & Revenue Model

Company Description

Morimatsu International Holdings Company Limited designs, manufactures, installs, and operates and maintains process equipment, process systems, and solutions primarily for chemical, biological, and polymerization reactions in China and internationally. The company's pressure equipment primarily includes heat exchangers, tanks, reactors, and towers. It offers bioreactor systems and fermenters, parallel bioreactor systems, culture medium, pharmaceutical solutions, online solution preparation systems, harvest systems, buffer solution preparation and storage system, inactivation and CIP workstation systems, isolators, disposable magnetic mixing systems, disposable solution storage and mixing systems, modular factory, and clean decorators, as well as disposable magnetic mixing systems and wave reactors. The company also provides design, verification, maintenance, digital operation and maintenance, and other related services. It offers its services to oil and gas, new chemical materials, pharmaceuticals, raw materials for power batteries, water treatment, new energy, consumer goods, electronic chemicals, and other industries. Morimatsu International Holdings Company Limited was founded in 1990 and is headquartered in Shanghai, China.

How the Company Makes Money

Morimatsu International Holdings Company Limited generates revenue through the design, manufacturing, and sale of process equipment and pressure vessels. The company's key revenue streams include contracts with pharmaceutical, chemical, and energy companies that require specialized equipment for their operations. Additionally, Morimatsu benefits from long-term partnerships and collaborations with major industrial players, which enhance its market reach and provide sustained project flows. The company focuses on delivering customized solutions that address specific client needs, often resulting in repeat business and ongoing maintenance contracts. Furthermore, Morimatsu invests in research and development to innovate its product offerings, ensuring a competitive edge in the industry.

Morimatsu International Holdings Company Limited Financial Statement Overview

Summary

Morimatsu International Holdings demonstrated strong financial performance with consistent revenue growth and healthy profitability margins. The company maintained a solid net profit margin of 10.6% and a low debt-to-equity ratio of 0.06, indicating strong financial stability. However, slight declines in revenue and net income suggest challenges in sustaining top-line growth.

Income Statement

Morimatsu International Holdings demonstrated strong financial performance with consistent revenue growth and healthy profitability margins over the years. Gross profit margin for 2024 stood at 29.7%, showing efficiency in cost management. The company maintained a solid net profit margin of 10.6% in 2024, indicating strong profitability. However, slight declines in revenue and net income compared to 2023 suggest challenges in sustaining top-line growth.

Balance Sheet

The balance sheet reflects strong financial stability with a low debt-to-equity ratio of 0.06 in 2024, indicating low financial leverage. Return on Equity (ROE) improved to 14.6%, showcasing effective utilization of shareholders' equity. The equity ratio stood at 56.7%, signifying a robust equity base. Despite these strengths, total assets slightly decreased, indicating potential asset management challenges.

Cash Flow

The company displayed significant improvement in free cash flow, growing from a previous period, enhancing liquidity. The operating cash flow to net income ratio was robust at 1.56, highlighting efficient cash generation relative to net income. The free cash flow to net income ratio of 0.98 shows strong cash flow alignment with profitability, though capital expenditure fluctuations reflect ongoing investment activities.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	6.16B	6.95B	7.36B	6.49B	4.28B	2.98B
Gross Profit	1.82B	2.06B	2.06B	1.79B	1.18B	844.10M
EBITDA	882.66M	1.12B	1.14B	890.68M	564.95M	430.56M
Net Income	699.10M	737.24M	844.68M	669.27M	381.84M	289.38M
Balance Sheet
Total Assets	9.66B	8.91B	8.93B	7.96B	5.70B	3.03B
Cash, Cash Equivalents and Short-Term Investments	3.17B	2.99B	2.23B	1.62B	1.55B	424.43M
Total Debt	305.03M	295.79M	384.33M	467.40M	373.88M	446.15M
Total Liabilities	4.14B	3.63B	4.54B	5.14B	3.69B	2.04B
Stockholders Equity	5.29B	5.05B	4.38B	2.82B	2.01B	998.31M
Cash Flow
Free Cash Flow	635.20M	721.79M	100.50M	38.09M	730.26M	25.90M
Operating Cash Flow	838.32M	1.15B	671.28M	905.15M	1.17B	155.65M
Investing Cash Flow	-270.81M	-765.72M	-408.13M	-1.15B	-448.13M	-135.77M
Financing Cash Flow	-101.58M	-144.06M	506.98M	57.05M	445.06M	-30.61M

Morimatsu International Holdings Company Limited Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 9.32
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2155, the sentiment is Neutral. The current price of 9.32 is below the 20-day moving average (MA) of 10.25, below the 50-day MA of 10.37, and above the 200-day MA of 7.12, indicating a neutral trend. The MACD of -0.21 indicates Positive momentum. The RSI at 38.87 is Neutral, neither overbought nor oversold. The STOCH value of 24.27 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:2155.

Morimatsu International Holdings Company Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
1133	77 Outperform	HK$27.06B	10.79	15.06%	2.07%	34.78%	98.79%
1286	76 Outperform	€7.93B	11.55	14.15%	3.33%	2.87%	17.03%
2722	69 Neutral	€6.30B	10.14	7.29%	2.12%	11.18%	46.57%
2155	65 Neutral	HK$11.92B	14.80	13.83%	1.61%	-13.95%	-13.61%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
0187	56 Neutral	HK$6.06B	1,388.10	-0.45%	―	3.13%	80.99%
0658	51 Neutral	$2.80B	―	-69.18%	―	-4.88%	-860.80%

Morimatsu International Holdings Company Limited Corporate Events

Morimatsu International Reports Interim Results: New Orders Surge Amid Revenue Dip

Morimatsu International Holdings Company Limited announced its unaudited consolidated interim results for the six months ending June 30, 2025. The company reported a decline in revenue and gross profit compared to the previous year, with revenue at RMB 2.69 billion and gross profit at RMB 788.79 million. Despite the decrease in revenue, the company saw an increase in net profit margin to 12.4% from 10.8% in the previous year, attributed to a significant rise in new orders amounting to RMB 5.99 billion. This indicates a strong market demand and potential for future growth.

The most recent analyst rating on (HK:2155) stock is a Buy with a HK$12.00 price target. To see the full list of analyst forecasts on Morimatsu International Holdings Company Limited stock, see the HK:2155 Stock Forecast page.

Morimatsu International Announces Board Meeting for Interim Results Review

Morimatsu International Holdings Company Limited has announced a board meeting scheduled for August 28, 2025, to review and approve the unaudited interim results for the first half of the year ending June 30, 2025. The meeting will also consider the potential payment of an interim dividend, which could impact shareholder returns and reflect the company’s financial health.